Should You Expect D-Wave Quantum Inc (NYSE:QBTS) To Recover From Its 70.59% Gain From Highs?

D-Wave Quantum Inc (NYSE:QBTS)’s traded shares stood at 2.07 million during the last session, with the company’s beta value hitting 1.04. At the close of trading, the stock’s price was $1.36, to imply a decrease of -1.45% or -$0.02 in intraday trading. The QBTS share’s 52-week high remains $3.20, putting it -135.29% down since that peak but still an impressive 70.59% since price per share fell to its 52-week low of $0.40. The company has a valuation of $158.83M, with an average of 5.06 million shares over the past 3 months.

D-Wave Quantum Inc (NYSE:QBTS) trade information

After registering a -1.45% downside in the last session, D-Wave Quantum Inc (QBTS) has traded red over the past five days. The stock hit a weekly high of 1.5300, dropping -1.45% in its intraday price action. The 5-day price performance for the stock is -3.55%, and -27.27% over 30 days. With these gigs, the year-to-date price performance is 54.53%.

D-Wave Quantum Inc (QBTS) estimates and forecasts

Looking at statistics comparing D-Wave Quantum Inc share performance against respective industry, we note that the company has outperformed competitors. D-Wave Quantum Inc (QBTS) shares are 73.74% up over the last 6 months, with its year-to-date growth rate higher than industry average at 40.00% against 21.70%. The rating firms project that company’s revenue will grow 76.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is 3.07M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 3.52M.Earnings reports from the last fiscal year show that sales brought in 2.03M and 1.71M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 51.20% before jumping 106.20% in the following quarter.

QBTS Dividends

D-Wave Quantum Inc has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. D-Wave Quantum Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.